it's really about what is fiscally smart for the economy. most economists are telling us this tax increase will not have very much impact in terms of growth. if you talk about essentially raising taxes on 98% of americans either through some kind of crazy deduction plan or just letting the bush tax cuts go, that can have a very, very severe effect on the economy. >> as usual dr. peterson makes a superb point. president clinton used to say if you want to live like a republican, vote for a democrat because they will give you better economics. and the fact of the matter here is if you poll economists, they will tell you that raising the rates on this top 2% has virtually no impact but when you begin to go after the mortgage deduction, when you begin to go after chair itses, that's when you have some economic chill you bring into the economy. so isn't it strange that the republicans and conservatives have said that obama doesn't understand the impact of fax policy on the economy whereas almost all economists are saying the obama approach is far